Comments on: The Lost (Financial) World. Pt.1

By: Dai

Dai — Mon, 29 Dec 2008 20:05:16 +0000

Thanks for your explanation Syncretist. Well Plaid Cymru will need a more charismatic leader to begin with….although IWJ is no fool.

I do think that New Labour are sitting ducks…….the Biships recently had a go at them……I suppose because no other political party had been doing so…….but even they were 5 or so years too late. I sometimes wonder if the other parties are so beferft of ideas that they only believe that an economy is healthy if the population keeps on spending which is dependent on house prices continually increasing giving them the false impression that they are getting richer. This is only sustainable while the emerging economies contintue to lend us money…..but one day……and that day is fast approaching…….when they will say ‘enough is enough. Then we will see a collapse in the currency and rampant inflation. People have to start saving and repair their own balance sheets and start making ‘things’ again……which other people will actually want. But I don’t expect any politician to pass on this message……yet, but the people will understand it sooner or later. We have just witnessed a few shots across the bows.

By: Syncretist

Syncretist — Mon, 29 Dec 2008 19:36:47 +0000

Dai…
This should also be seen in the context of ‘Politician of the Year’. Gordon Brown epitomises all that we have now come to expect of politicians most of whom are no longer ‘pillars of society’ or thought leaders’ and who are perceived to have their noses ‘in the trough’. GB understands the mess that he has undoubtedly (partially) caused. He has also realised that older rules of ‘civic responsibility’ do not apply, nor does there appear to be punishment for those that have ‘made a mess of things’. This is self evident. He has been liberated from whatever constraints that usually apply, he no longer gives a damn about what people think, so he is making it up as he goes along.ie.winging it.
The Tory’s are trapped by their history and circumstance. People hear their political’ fine words’ but know that’s all it is… fine words. I personally think that there may well be a complete fragmentation of UK politics into minor parties, single issue parties and ‘personality’ cults. As a Plaid Cymru supporter I hope they can come through this stronger but I’m not holding my breath.

By: Dai

Dai — Mon, 29 Dec 2008 19:06:17 +0000

“Regrettably, Gordon Brown appears to be the only Western politician who instinctively understands that the Rule Book of financial/economic management, prudence, probity, borrowing, and money supply is now irrelevant to coping with the financial and economic storms that lie ahead. He has binned it. He has guessed the future. Gordon Brown is ‘winging’ it and it shows.”

You must be joking right?
He, as Chancellor during the 10 years leading up to this crisis, is largely responsible for it. He is hoping that the population of the UK will spend their way out of this mess…..using money that they do not have. We are already the most indebted ‘nation’ in the G7 and it’s this indebtedness which has got us into this mess. And his panacea of using the same medicine which got us into this mess to get us out of it is a good one? This debt has to be cleared….that is payed down…..both on a government level and personal level. He is ensuring that this economic hardship will last a lot longer than it needs to.

I agree that the Tories don’t have much to say….but believe me, they don’t need to say much as Gordon Brown’s chickens will come home to roost in the next year.